Campus rent Insurance Administrative expenses $4,500 $2,100 $3,800 $ 44 $ 3 For example, administrative expenses should be $3,800 per month plus $44 per course plus $3 per student. The company's sales should average $870 per student. The company planned to run four courses with a total of 63 students: however, it actually ran four courses with a total of only 59 students. The actual operating results for September appear below: Revenue Instructor wages classroom supplies Utilities Campus rent Insurance Administrative expenses Actual $51, 910 $11,200 $18, 120 $ 1,890 $ 4.500 $ 2.240 $ 3,591 Required: Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e zero variance). Input all amounts as positive values.) Gourmand Cooking School Flexible Budget Performance Report For the Month Ended September 30 Flexible Actual Results Budget Planning Budget Courses Students 59 Revenue $ 51,9101 Expenses Instructor wages Classroom supplies Utilities Campus rent Insurance Administrative expenses Total expense Net operating income 11,200 18,120 1,890 4,500 2.240 3,591 41,541 10,369